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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: nsumir81 who wrote (25044)1/20/2003 2:01:33 AM
From: LTK007  Read Replies (1) | Respond to of 30712
 
I think this chart tells a great deal regards COMPQ(NDX is worse).
We broke several critical resistances. I see extreme resistance at 1424, per chart, i think we can say bye bye for the intermediate term at least to any thoughts of 1500(unless Saddam has a fatal heart-attack, at which point we break 1700 easy--thus the nature of the market, it would cause a massive psychological emotional relief rally, most definitely and all fundamentals would be ignored totally).
Bounces aside 1320 appears to be a magnet now.
Day traders watch the fast stos i guess the best bet for the "bounces".
I said last week the day before we started to weaken that we sell-off now or explode into a bull roar as we were at several AVs.
Well we sold-off and sold off hard.
The chart tells the rest. Max stockcharts.com[e,a]dhclyyay[dc][pb50!b200][vc60][iui5,5!li10,10!lp14,3,3!lb14][j9427986,y]&listNum=1